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News

L.B. Foster Expects FY23 Sales Of $520M-$550M; Adjusted EBITDA of $28M-$32M (Prior View $27M-$31M)

Author: Benzinga Newsdesk | August 08, 2023 08:09am

2023 Financial Guidance

As a result of the improved profitability achieved in its year-to-date results, the Company is updating its 2023 financial guidance, with adjusted EBITDA now expected to range between $28 million to $32 million (up from $27 million to $31 million previously). With the strong order rates realized year to date and record backlog, net sales guidance for 2023 remains unchanged at between $520 million to $550 million despite the impact of divestitures

Posted In: FSTR